Earnings release
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Exhibit 99.1 UMB Financial Corporation News Release 1010 Grand Boulevard Kansas City, MO 64106 816.860.7000 umb.com //FOR IMMEDIATE RELEASE// Media Contact: Stephanie Hollander: 816.729.1027 Investor Relations Contact: Kay Gregory: 816.860.7106 UMB Financial Corporation Reports Second Quarter 2026 Results Second Quarter 2026 Financial Highlights • GAAP net income available to common shareholders of $271.8 million, or $3.56 per diluted common share, an increase of 26.2% as compared to the second quarter of 2025. • Net operating income available to common shareholders(i) of $273.0 million, or $3.57 per diluted common share, an increase of 21.1% as compared to the second quarter of 2025. • Second quarter revenue totaled $778.0 million, a 12.9% increase as compared to the second quarter of 2025, and an increase of 5.3% from the first quarter of 2026. • Net interest income of $532.5 million, an increase of 14.0% as compared to the second quarter of 2025. • Net interest margin on a fully taxable equivalent basis of 3.32%, up 22 basis points from the second quarter of 2025. • Noninterest income increased 10.5% to $245.5 million compared to the second quarter of 2025, and increased 19.9% from the first quarter of 2026. • Second quarter 2026 return on average assets of 1.55% and return on average common equity of 14.16%. • GAAP efficiency ratio improved to 48.4% as compared to 53.4% in the second quarter of 2025. • Average loans increased 12.6% on a linked-quarter, annualized basis to $40.6 billion; average loans increased $4.2 billion, or 11.6%, as compared to the second quarter of 2025. End-of-period loans were $41.1 billion at June 30, 2026. • Net charge-offs for the second quarter of 2026 totaled $15.9 million, equal to 16 basis points of average loans; nonperforming loans improved to 31 basis points of total loans, from 38 basis points at March 31, 2026. (i) A non-GAAP financial measure reconciled later in this release to the nearest comparable GAAP measure. KANSAS CITY, Mo. (July 28, 2026) – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income available to common shareholders for the second quarter of 2026 of $271.8 million, or $3.56 per diluted share, compared to $255.6 million, or $3.35 per diluted share, in the first quarter of 2026 (linked quarter) and $215.4 million, or $2.82 per diluted share, in the second quarter of 2025. Net operating income available to common shareholders, a non-GAAP financial measure reconciled later in this release to net income available to common shareholders, the nearest comparable GAAP measure, was $273.0 million, or $3.57 per diluted share, for the second quarter of 2026, compared to $259.8 million, or $3.41 per diluted share, for the linked quarter and $225.4 million, or $2.96 per diluted share,
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for the second quarter of 2025. Operating pre-tax, pre-provision income (operating PTPP), a non-GAAP measure reconciled later in this release to the components of net income before taxes, the nearest comparable GAAP measure, was $380.1 million, or $4.97 per diluted share, for the second quarter of 2026, compared to $363.8 million, or $4.76 per diluted share, for the linked quarter, and $309.2 million, or $4.06 per diluted share, for the second quarter of 2025. These operating PTPP results represent a 4.5% increase on a linked-quarter basis and a 22.9% increase compared to the second quarter of 2025. “Our strong second quarter financial results were once again driven by solid loan growth, exceptional asset quality, and continued strength in our fee income-generating businesses including monetization of investments held in our private investment division,” said Mariner Kemper, UMB Financial Corporation chairman and chief executive officer. “Loan growth averaged 12.6% on a linked-quarter annualized basis, driven in large part by continued strength in our commercial and industrial (C&I) lending segments. Average loans exceeded $40 billion for the first time in our history, ending the quarter at $41.1 billion. During the quarter, we also reached a new record for total gross loan production of $2.6 billion, compared to $2.3 billion in the prior quarter. Average C&I loan balances increased 21.6% on a linked-quarter annualized basis to $17.5 billion. At the same time, our net charge-offs averaged a modest 16 basis points of loans, compared to 19 basis points in the prior quarter, while nonperforming loans declined 15.7% from March 31, 2026, to $127.5 million, or 31 basis points of total loans.” “As we often say, and consistently demonstrate, within the banking industry, UMB operates at the unique intersection of strong organic loan growth with exceptional asset quality. Excluding the impacts of $35.9 million and $51.0 million in purchase accounting accretion benefits in the second and first quarters of 2026, respectively, our core net interest margin increased four basis points sequentially while net interest income increased 2.7%. Fee income in the second quarter increased 19.9% compared to the prior quarter to $245.5 million. This was led by gains on equity positions held in our private investment portfolio, strong fee generation from our fund services, corporate trust and custody businesses, higher 12b-1 fees from growth in off-balance sheet deposit balances, customer swap fees, and card interchange income. Our private investment activity continued to deliver in the second quarter with $27.1 million in net gains from our holdings, primarily Beacon Communications, LLC and fund investment gains related to the public offering of Space Exploration Technologies (SpaceX).” Mr. Kemper continued, “Finally, we are excited to announce that the board of directors has declared a dividend of $0.50 per common share to be paid on October 1, 2026, which represents a 16.3% increase from prior levels. This increase reflects our continued strong financial performance and our commitment to return value to our shareholders.” Second quarter 2026 earnings discussion Note: The acquisition of Heartland Financial USA, Inc. (HTLF) closed on January 31, 2025; as such, financial results for the fiscal periods since that date include the impact from the acquired operations. Financial results for the first quarter and year- to-date 2025 include only two and five months, respectively, of impact of the acquired operations of HTLF.
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Summary of quarterly financial results UMB Financial Corporation (unaudited, dollars in thousands, except per common share data) Q2 Q1 Q2 2026 2026 2025 Net income (GAAP) $ 277,570 $ 261,438 $ 217,394 Net income available to common shareholders (GAAP) 271,758 255,625 215,382 Earnings per common share - diluted (GAAP) 3.56 3.35 2.82 Operating pre-tax, pre-provision income (Non-GAAP) 380,071 363,781 309,182 Operating pre-tax, pre-provision earnings per common share - diluted (Non- GAAP) 4.97 4.76 4.06 Operating pre-tax, pre-provision income - FTE (Non-GAAP) 388,903 372,494 317,473 Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP) 5.09 4.88 4.17 Net operating income available to common shareholders (Non-GAAP) 273,030 259,809 225,379 Operating earnings per common share - diluted (Non-GAAP) 3.57 3.41 2.96 GAAP Return on average assets 1.55% 1.47% 1.29% Return on average common equity 14.16 13.70 12.72 Efficiency ratio 48.35 48.38 53.38 Non-GAAP Operating return on average assets 1.56% 1.50% 1.35% Operating return on average common equity 14.22 13.93 13.31 Operating efficiency ratio 48.14 47.64 51.48 (i) See reconciliation of Non-GAAP measures to their nearest comparable GAAP measures later in this release. (i) (i) (i) (i) (i) (i) (i)
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Summary of year-to-date financial results UMB Financial Corporation (unaudited, dollars in thousands, except per share data) June June YTD YTD 2026 2025 Net income (GAAP) $ 539,008 $ 298,727 Net income available to common shareholders (GAAP) 527,383 294,702 Earnings per common share - diluted (GAAP) 6.90 4.16 Operating pre-tax, pre-provision income (Non-GAAP) 743,852 542,475 Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP) 9.74 7.65 Operating pre-tax, pre-provision income - FTE (Non-GAAP) 761,397 558,271 Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP) 9.97 7.87 Net operating income available to common shareholders (Non-GAAP) 532,839 394,257 Operating earnings per common share - diluted (Non-GAAP) 6.98 5.56 GAAP Return on average assets 1.51% 0.94% Return on average common equity 13.93 9.67 Efficiency ratio 48.37 58.69 Non-GAAP Operating return on average assets 1.53% 1.25% Operating return on average common equity 14.08 12.94 Operating efficiency ratio 47.89 53.31 Summary of revenue UMB Financial Corporation (unaudited, dollars in thousands) Q2 Q1 Q2 CQ vs. CQ vs. 2026 2026 2025 LQ PY Net interest income $ 532,525 $ 534,366 $ 467,024 $ (1,841) $ 65,501 Noninterest income: Trust and securities processing 98,295 94,667 83,263 3,628 15,032 Trading and investment banking 5,314 7,740 6,170 (2,426) (856) Service charges on deposit accounts 29,588 29,474 28,865 114 723 Insurance fees and commissions 207 255 189 (48) 18 Brokerage fees 25,400 21,089 20,525 4,311 4,875 Bankcard fees 29,954 28,878 29,018 1,076 936 Investment securities gains, net 27,087 3,046 37,685 24,041 (10,598) Other 29,660 19,644 16,470 10,016 13,190 Total noninterest income $ 245,505 $ 204,793 $ 222,185 $ 40,712 $ 23,320 Total revenue $ 778,030 $ 739,159 $ 689,209 $ 38,871 $ 88,821 Net interest income (FTE) $ 541,357 $ 543,079 $ 475,315 Net interest margin (FTE) 3.32% 3.38% 3.10% Total noninterest income as a % of total revenue 31.6 27.7 32.2 Net interest income • Second quarter 2026 net interest income totaled $532.5 million, a decrease of $1.8 million, or 0.3%, from the linked quarter, driven primarily by declines in purchase accounting accretion (i) (i) (i) (i) (i) (i) (i)
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benefits and interest income on lower federal funds and interest-bearing due from banks balances, alongside an increase in interest expense due to the mix shift in the funding composition within deposit categories. These changes were partially offset by continued organic growth in loans, increased loan fees, benefit from an additional day in the quarter, and favorable rate and mix shifts in earning assets. • Average earning assets increased $173.8 million, or 0.3%, from the linked quarter, largely driven by an increase of $1.2 billion in average loans, partially offset by decreases of $506.0 million in average federal funds and resell agreements and $480.6 million in average interest-bearing due from banks. • Average interest-bearing liabilities increased $293.6 million, or 0.6%, from the linked quarter, primarily driven by an increase of $401.7 million, or 0.9%, in interest-bearing deposits, partially offset by a decrease of $111.2 million, or 3.1%, in federal funds and repurchase agreements. Average total deposits were flat compared to the linked quarter. • Net interest margin for the second quarter was 3.32%, a decrease of six basis points from the linked quarter, due to lower purchase accounting accretion income that impacted the yields on loans, and a lower benefit from free funds, partially offset by a favorable mix shift in earning assets. • On a year-over-year basis, net interest income increased $65.5 million, or 14.0%, driven by favorable repricing of deposits in conjunction with lower short-term interest rates, and increases of $4.2 billion, or 11.6%, in average loans and $2.2 billion, or 12.6%, in average securities. These increases were partially offset by a decrease of $2.9 billion, or 44.3%, in average interest-bearing due from banks and $6.3 million in lower purchase accounting accretion income. • Average deposits increased 3.5% compared to the second quarter of 2025. Average interest-bearing deposits increased 3.9%, and noninterest-bearing demand deposit balances increased 2.1% compared to the second quarter of 2025. Average demand deposit balances comprised 25.5% of total deposits in the second quarter of 2026, compared to 26.2% in the linked quarter and 25.9% in the second quarter of 2025. Noninterest income • Second quarter 2026 noninterest income increased $40.7 million, or 19.9%, on a linked-quarter basis, largely due to: o An increase of $24.0 million in investment securities gains primarily driven by a $17.9 million gain on the sale of a non-marketable security in the second quarter of 2026, coupled with increases of $9.1 million in valuation of the company's non-marketable securities. These increases were partially offset by a $3.0 million gain on the sale of a non-marketable security in the first quarter of 2026. o An increase of $11.2 million in company-owned life insurance income, recorded in other income. The increase in company-owned life insurance income was offset by a proportionate increase in deferred compensation as noted below. o An increase of $4.3 million in brokerage income due to higher 12b-1 fees and money market income. o Increases of $2.4 million in fund services income and $1.1 million in corporate trust income, both recorded in trust and securities processing. o The increases noted above were partially offset by a decrease of $2.4 million in trading and investment banking due to decreases in municipal and agency trading activity.
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• Compared to the prior year, noninterest income in the second quarter of 2026 increased $23.3 million, or 10.5%, primarily driven by: o An increase of $15.0 million in trust and securities processing driven by increases of $9.1 million in fund services income, $3.9 million in corporate trust income, and $2.0 million in trust income. o Increases of $8.8 million in company-owned life insurance income, $2.5 million in bank-owned life insurance income, and $1.0 million in derivative income, all recorded in other income. The increase in company-owned life insurance income was offset by a proportionate increase in deferred compensation as noted below. o An increase of $4.9 million in brokerage income due to higher 12b-1 fees and money market income. o The increases noted above were partially offset by a decrease of $10.6 million in investment securities gains primarily driven by the pre-tax gain of $29.4 million on the company's investment in Voyager Technologies, Inc., which completed its initial public offering in June 2025, and pre-tax gains of $8.2 million on the sale of two non-marketable securities, all recognized in the second quarter of 2025. This compares to a $17.9 million gain on the sale of a non-marketable security and increases of $9.1 million in valuation of the company's non-marketable securities in the second quarter of 2026. Noninterest expense Summary of noninterest expense UMB Financial Corporation (unaudited, dollars in thousands) Q2 Q1 Q2 CQ vs. CQ vs. 2026 2026 2025 LQ PY Salaries and employee benefits $ 227,162 $ 219,681 $ 213,551 $ 7,481 $ 13,611 Occupancy, net 19,277 19,075 18,571 202 706 Equipment 13,942 13,320 16,426 622 (2,484) Supplies and services 5,504 5,604 6,383 (100) (879) Marketing and business development 13,916 13,792 11,344 124 2,572 Processing fees 43,073 42,059 43,638 1,014 (565) Legal and consulting 14,415 9,087 18,468 5,328 (4,053) Bankcard 11,873 11,841 12,363 32 (490) Amortization of other intangible assets 23,460 23,460 25,268 — (1,808) Regulatory fees 9,097 8,270 9,259 827 (162) Other 17,914 14,694 17,897 3,220 17 Total noninterest expense $ 399,633 $ 380,883 $ 393,168 $ 18,750 $ 6,465 • GAAP noninterest expense for the second quarter of 2026 was $399.6 million, an increase of $18.8 million, or 4.9%, from the linked quarter and $6.5 million, or 1.6%, from the second quarter of 2025. Second quarter 2026 expenses included $1.7 million in total acquisition-related and other nonrecurring costs, compared to $4.4 million in the linked quarter and $13.5 million in the second quarter of 2025. Operating noninterest expense, a non-GAAP financial measure reconciled later in this release to noninterest expense, the nearest comparable GAAP measure, was $398.0 million for the second quarter of 2026, an increase of $22.6 million, or 6.0%, from the linked quarter and an increase of $17.9 million, or 4.7%, from the second quarter of 2025. • The linked-quarter increase in GAAP noninterest expense was driven by: o An increase of $7.5 million in salaries and employee benefits expense driven by an increase of $6.7 million in salary and bonus expense and a $0.8 million increase in employee benefits. The increase in salary and bonus expense was due to higher salary
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expense related to annual merit increases beginning in the second quarter and increased bonus expense related to company performance. The increase in employee benefits was driven by a $12.6 million increase in deferred compensation expense, partially offset by a $12.5 million seasonal decrease in payroll taxes, insurance, and 401(k) expense. The increase in deferred compensation expense was offset by the increase in company-owned life insurance income noted above. o An increase of $5.3 million in legal and consulting expense due to the timing of multiple projects, including $1.7 million in non-recurring costs. o Increases of $4.1 million in operational losses and $1.0 million in processing fees expense due to increased software subscription costs. • The year-over-year increase in GAAP noninterest expense was driven by: o An increase of $13.6 million in salaries and employee benefits expense, driven by increases of $12.5 million in employee benefits expense and $1.1 million in salaries and bonus expense. The increase in employee benefits expense is due to increases of $9.9 million in deferred compensation expense and $2.6 million in payroll taxes, insurance, and 401(k) expense. The increase in deferred compensation expense was offset by the increase in company-owned life insurance income noted above. The increase in salaries and bonus expense is due to higher employee salaries as compared to the second quarter of 2025. o An increase of $2.6 million in marketing and business development expense, driven by the timing of multiple advertising campaigns and increased travel and entertainment expense. o These increases were partially offset by the following decreases: ▪ A decrease of $4.1 million in legal and consulting expense, which included $1.7 million in non- recurring transaction costs as compared to $7.5 million of non-recurring transaction costs in the second quarter of 2025. ▪ A decrease of $2.5 million in equipment expense driven by a decline in software costs. ▪ A decrease of $1.8 million in amortization of intangibles due to reduced amortization of the core deposit intangible recognized from the HTLF acquisition. • Second quarter 2026 noninterest expense included $1.7 million in total acquisition-related and other nonrecurring costs, compared to $4.4 million in the linked quarter and $13.5 million in the second quarter of 2025. During the second quarter of 2026, this expense was composed primarily of $1.7 million in legal and consulting expense. During the linked quarter, the $4.4 million in acquisition-related expense was composed primarily of $4.0 million in salaries and employee benefits. During the second quarter of 2025, acquisition-related expense was primarily composed of $7.5 million in legal and consulting expense, $4.3 million in salaries and employee benefits, and $1.1 million in supplies and services expense. Income taxes • The company’s effective tax rate was 20.9% for the six months ended June 30, 2026, compared to 18.8% for the same period in 2025. The increase is mainly due to more favorable discrete tax items in 2025, including a benefit from remeasuring deferred tax assets after the HTLF acquisition increased the state marginal tax rate. Additionally, a smaller proportion of pre-tax income in 2026 was earned from tax-exempt municipal securities.
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Balance sheet • Average total assets for the second quarter of 2026 were $70.4 billion compared to $70.4 billion for the linked quarter and $66.9 billion for the same period in 2025. Summary of average loans and leases - QTD Average UMB Financial Corporation (unaudited, dollars in thousands) Q2 Q1 Q2 CQ vs. CQ vs. 2026 2026 2025 LQ PY Commercial and industrial $ 17,521,531 $ 16,627,000 $ 14,293,892 $ 894,531 $ 3,227,639 Specialty lending 648,786 534,979 561,669 113,807 87,117 Commercial real estate 16,658,203 16,534,892 16,163,813 123,311 494,390 Consumer real estate 4,498,319 4,433,669 4,255,571 64,650 242,748 Consumer 251,958 247,090 295,118 4,868 (43,160) Credit cards 787,926 757,471 754,601 30,455 33,325 Leases and other 257,227 248,109 82,089 9,118 175,138 Total loans $ 40,623,950 $ 39,383,210 $ 36,406,753 $ 1,240,740 $ 4,217,197 (i) Commercial and industrial loans include all loans to Non-Depository Financial Institutions (NDFIs). • Average loans for the second quarter of 2026 increased $1.2 billion, or 3.2%, on a linked-quarter basis and $4.2 billion, or 11.6%, compared to the second quarter of 2025. These increases reflect continued organic momentum across all geographies. Summary of average securities - QTD Average UMB Financial Corporation (unaudited, dollars in thousands) Q2 Q1 Q2 CQ vs. CQ vs. 2026 2026 2025 LQ PY Securities available for sale: U.S. Treasury $2,229,300 $2,264,390 $1,806,041 $ (35,090) $ 423,259 U.S. Agencies 49,391 54,459 85,969 (5,068) (36,578) Mortgage-backed 8,234,937 8,155,646 6,285,195 79,291 1,949,742 State and political subdivisions 2,361,604 2,446,129 2,403,741 (84,525) (42,137) Corporates 105,473 158,088 271,915 (52,615) (166,442) Collateralized loan obligations 560,322 534,566 553,844 25,756 6,478 Total securities available for sale $ 13,541,02 7 $ 13,613,27 8 $ 11,406,70 5 $ (72,251) $2,134,322 Securities held to maturity: U.S. Treasury $ 38,258 $ 38,255 $ — $ 3 $ 38,258 U.S. Agencies — — 49,643 — (49,643) Mortgage-backed 2,427,794 2,482,131 2,439,844 (54,337) (12,050) State and political subdivisions 3,231,171 3,177,060 3,108,030 54,111 123,141 Total securities held to maturity $5,697,223 $5,697,446 $5,597,517 $ (223) $ 99,706 Trading securities $ 26,734 $ 17,354 $ 16,693 $ 9,380 $ 10,041 Other securities 679,947 697,129 679,212 (17,182) 735 Total securities $ 19,944,93 1 $ 20,025,20 7 $ 17,700,12 7 $ (80,276) $2,244,804 • Average total securities decreased 0.4% on a linked-quarter basis and increased 12.7% compared to the second quarter of 2025. (i)
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Summary of average deposits - QTD Average UMB Financial Corporation (unaudited, dollars in thousands) Q2 Q1 Q2 CQ vs. CQ vs. 2026 2026 2025 LQ PY Deposits: Noninterest-bearing demand $ 14,712,64 7 $ 15,103,33 9 $ 14,403,21 1 $ (390,692) $ 309,436 Interest-bearing demand and savings 39,660,63 2 38,996,45 1 37,958,60 1 664,181 1,702,031 Time deposits 3,211,834 3,474,321 3,287,556 (262,487) (75,722) Total deposits $ 57,585,11 3 $ 57,574,11 1 $ 55,649,36 8 $ 11,002 $1,935,745 Noninterest bearing deposits as % of total 25.5% 26.2% 25.9% • Average deposits remained flat on a linked-quarter basis as seasonal declines in public funds and commercial demand deposit balances were offset by increases in other interest-bearing deposit balances within the commercial banking segment. Average deposits increased 3.5% compared to the second quarter of 2025. Capital Capital information UMB Financial Corporation (unaudited, dollars in thousands, except per share data) June 30, 2026 March 31, 2026 June 30, 2025 Total equity $ 8,030,793 $ 7,826,997 $ 7,285,765 Total common equity 7,748,351 7,538,743 6,885,023 Accumulated other comprehensive loss, net (371,517) (331,350) (442,047) Book value per common share 102.02 99.22 90.68 Tangible book value per common share (Non-GAAP) 72.03 68.94 59.80 Regulatory capital: Common equity Tier 1 capital $ 5,951,062 $ 5,685,870 $ 4,974,093 Tier 1 capital 6,245,128 5,979,936 5,378,860 Total capital 7,172,347 6,892,054 6,438,598 Regulatory capital ratios: Common equity Tier 1 capital ratio 11.45% 11.16% 10.39% Tier 1 risk-based capital ratio 12.02 11.74 11.24 Total risk-based capital ratio 13.80 13.53 13.46 Tier 1 leverage ratio 9.11 8.73 8.34 (i) See reconciliation of Non-GAAP measures to their nearest comparable GAAP measures later in this release. • In the second quarter of 2026, the company repurchased 38,158 common shares at a weighted average price of $132.10 for a total repurchase of $5.0 million. • At June 30, 2026, the regulatory capital ratios presented in the foregoing table exceeded all “well-capitalized” regulatory thresholds. (i)
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Asset Quality Credit quality UMB Financial Corporation (unaudited, dollars in thousands) Q2 Q1 Q4 Q3 Q2 2026 2026 2025 2025 2025 Net charge-offs - total loans $ 15,861 $ 18,929 $ 12,654 $ 18,383 $ 15,462 Net loan charge-offs as a % of total average loans 0.16% 0.19% 0.13% 0.20% 0.17% Loans over 90 days past due $ 13,715 $ 14,924 $ 18,403 $ 6,131 $ 6,813 Loans over 90 days past due as a % of total loans 0.03% 0.04% 0.05% 0.02% 0.02% Nonaccrual and restructured loans $ 127,526 $ 151,250 $ 144,666 $ 131,965 $ 97,029 Nonaccrual and restructured loans as a % of total loans 0.31% 0.38% 0.37% 0.35% 0.26% Provision for credit losses $ 28,000 $ 27,000 $ 25,000 $ 22,500 $ 21,000 • Provision for credit losses for the second quarter of 2026 increased $1.0 million from the linked quarter and $7.0 million from the second quarter of 2025. The change in provision expense is driven by ongoing recalibrations of econometric loss models and general portfolio trends in the current periods as compared to the prior periods. • Net charge-offs for the second quarter totaled $15.9 million, or 0.16% of average loans, compared to $18.9 million, or 0.19% of average loans in the linked quarter, and $15.5 million, or 0.17% of average loans for the second quarter of 2025. Nonperforming loans declined 15.7% to $127.5 million and comprised 31 basis points of total loans, compared to 38 basis points at March 31, 2026. Conference Call The company will host a conference call to discuss its second quarter 2026 earnings results on Wednesday, July 29, 2026, at 8:30 a.m. (CT). Interested parties may access the call by dialing (toll-free) 888-596-4144 or (international) 646-968-2525 and requesting to join the UMB Financial call with conference ID 8227474#. The live webcast may also be accessed by visiting investorrelations.umb.com or by using the following link: UMB Financial 2Q 2026 Conference Call A replay of the conference call may be heard through August 12, 2026, by calling (toll-free) 800-770-2030 or (international) 609-800-9909. The replay access code required for playback is 8227474. The call replay may also be accessed at investorrelations.umb.com. Non-GAAP Financial Information In this release, we provide information about net operating income available to common shareholders, operating earnings per share – diluted (operating EPS), operating return on average common equity (operating ROE), operating return on average assets (operating ROA), operating noninterest expense, operating efficiency ratio, operating pre-tax, pre-provision income (operating PTPP), operating pre-tax, pre-provision earnings per share – diluted (operating PTPP EPS), operating pre-tax, pre- provision income on a fully tax equivalent basis (operating PTPP-FTE), operating pre-tax, pre-provision FTE earnings per share – diluted (operating PTPP-FTE EPS), tangible common shareholders’ equity, and tangible book value per share, all of which are non-GAAP financial measures. This information supplements the results that are reported according to generally accepted accounting principles in the United States (GAAP) and should not be viewed in isolation from, or as a substitute for, GAAP results. The differences between the non-GAAP financial measures – net operating income available to common shareholders, operating EPS, operating ROE, operating ROA, operating noninterest expense, operating efficiency ratio, operating PTPP, operating PTPP EPS, operating PTPP-FTE, operating PTPP-FTE EPS, tangible common shareholders’ equity, and tangible book value per share – and the nearest comparable GAAP financial
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measures are reconciled later in this release. The company believes that these non-GAAP financial measures and the reconciliations may be useful to investors because they adjust for acquisition- and severance-related items, and the FDIC special assessment that management does not believe reflect the company’s fundamental operating performance. Net operating income available to common shareholders for the relevant period is defined as GAAP net income available to common shareholders, adjusted to reflect the impact of excluding expenses related to Day 1 acquisition provision expense, acquisitions, severance expense, the FDIC special assessment, and the cumulative tax impact of these adjustments. Operating EPS (diluted) is calculated as earnings per share as reported, adjusted to reflect, on a per share basis, the impact of excluding the non-GAAP adjustments described above for the relevant period. Operating ROE is calculated as net operating income available to common shareholders, divided by the company’s average total common shareholders’ equity for the relevant period. Operating ROA is calculated as net operating income available to common shareholders, divided by the company’s average assets for the relevant period. Operating noninterest expense for the relevant period is defined as GAAP noninterest expense, adjusted to reflect the pre-tax impact of non-GAAP adjustments described above. Operating efficiency ratio is calculated as the company’s operating noninterest expense, net of amortization of other intangibles, divided by the company’s total non-GAAP revenue (calculated as net interest income plus noninterest income, less gains on sales of securities available for sale, net). Operating PTPP income for the relevant period is defined as GAAP net interest income plus GAAP noninterest income, less noninterest expense, adjusted to reflect the impact of excluding expenses related to acquisitions and severance, and the FDIC special assessment. Operating PTPP-FTE for the relevant period is defined as GAAP net interest income on a fully tax equivalent basis plus GAAP noninterest income, less noninterest expense, adjusted to reflect the impact of excluding expenses related to acquisitions and severance, and the FDIC special assessment. Tangible common shareholders’ equity for the relevant period is defined as GAAP common shareholders’ equity, net of intangible assets. Tangible book value per share is defined as tangible common shareholders’ equity divided by the company’s total common shares outstanding. Forward-Looking Statements: This press release contains, and our other communications may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “outlook,” “forecast,” “target,” “trend,” “plan,” “goal,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, results, or aspirations. All forward-looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2025, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (SEC). In addition to such factors that have been disclosed previously: macroeconomic and adverse developments and uncertainties related to the collateral effects of the collapse of, and challenges for, domestic and international banks, including the impacts to the U.S. and global economies; sustained levels of high inflation and the potential for an economic recession on the heels of aggressive quantitative tightening by the Federal Reserve; and impacts related to or resulting from instability in the Middle East and Russia’s military action in Ukraine, such as the
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broader impacts to financial markets and the global macroeconomic and geopolitical environments, may also cause actual results or other future events, circumstances, or aspirations to differ from our forward-looking statements. Any forward- looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except to the extent required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K, or other applicable document that is filed or furnished with the SEC. About UMB: UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Mo. UMB offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. UMB operates branches throughout Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, Utah, and Wisconsin. As the company’s reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.
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Consolidated Balance Sheets UMB Financial Corporation (unaudited, dollars in thousands) June 30, 2026 2025 ASSETS Loans $ 41,149,726 $ 36,807,933 Allowance for credit losses on loans (437,376) (389,918) Net loans 40,712,350 36,418,015 Loans held for sale 6,800 5,738 Securities: Available for sale 13,488,159 12,162,688 Held to maturity, net of allowance for credit losses 5,712,430 5,495,182 Trading securities 45,839 24,698 Other securities 693,502 718,815 Total securities 19,939,930 18,401,383 Federal funds sold and resell agreements 928,438 737,191 Interest-bearing due from banks 4,951,010 10,026,186 Cash and due from banks 779,876 1,087,696 Premises and equipment, net 397,352 395,195 Accrued income 347,447 327,390 Goodwill 1,837,594 1,812,694 Other intangibles, net 439,949 531,918 Other assets 1,914,814 2,016,747 Total assets $ 72,255,560 $ 71,760,153 LIABILITIES Deposits: Noninterest-bearing demand $ 16,177,250 $ 18,481,469 Interest-bearing demand and savings 40,381,530 38,214,606 Time deposits under $250,000 1,834,890 1,935,968 Time deposits of $250,000 or more 1,373,012 1,354,966 Total deposits 59,766,682 59,987,009 Federal funds purchased and repurchase agreements 3,083,600 2,932,606 Long-term debt 480,126 657,324 Accrued expenses and taxes 360,694 389,669 Other liabilities 533,665 507,780 Total liabilities 64,224,767 64,474,388 SHAREHOLDERS' EQUITY Series A Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock — 110,705 Series B Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock 294,066 294,062 Common stock 78,666 78,666 Capital surplus 4,016,045 4,000,973 Retained earnings 4,197,812 3,409,706 Accumulated other comprehensive loss, net (371,517) (442,047) Treasury stock (184,279) (166,300) Total shareholders' equity 8,030,793 7,285,765 Total liabilities and shareholders' equity $ 72,255,560 $ 71,760,153 Consolidated Statements of Income UMB Financial Corporation (unaudited, dollars in thousands except share and per share data) Three Months Ended Six Months Ended June 30, June 30,
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2026 2025 2026 2025 INTEREST INCOME Loans $ 643,995 $ 612,414 $ 1,277,073 $ 1,139,818 Securities: Taxable interest 146,593 122,237 291,892 220,533 Tax-exempt interest 35,181 33,024 69,635 62,987 Total securities income 181,774 155,261 361,527 283,520 Federal funds and resell agreements 11,259 8,733 27,322 15,685 Interest-bearing due from banks 33,950 73,874 71,852 148,859 Trading securities 388 255 659 625 Total interest income 871,366 850,537 1,738,433 1,588,507 INTEREST EXPENSE Deposits 298,927 343,153 591,300 646,559 Federal funds and repurchase agreements 28,953 27,423 58,651 53,213 Other 10,961 12,937 21,591 24,072 Total interest expense 338,841 383,513 671,542 723,844 Net interest income 532,525 467,024 1,066,891 864,663 Provision for credit losses 28,000 21,000 55,000 107,000 Net interest income after provision for credit losses 504,525 446,024 1,011,891 757,663 NONINTEREST INCOME Trust and securities processing 98,295 83,263 192,962 163,044 Trading and investment banking 5,314 6,170 13,054 12,081 Service charges on deposit accounts 29,588 28,865 59,062 56,322 Insurance fees and commissions 207 189 462 367 Brokerage fees 25,400 20,525 46,489 38,627 Bankcard fees 29,954 29,018 58,832 55,311 Investment securities gains, net 27,087 37,685 30,133 32,903 Other 29,660 16,470 49,304 29,728 Total noninterest income 245,505 222,185 450,298 388,383 NONINTEREST EXPENSE Salaries and employee benefits 227,162 213,551 446,843 434,949 Occupancy, net 19,277 18,571 38,352 34,640 Equipment 13,942 16,426 27,262 33,374 Supplies and services 5,504 6,383 11,108 11,168 Marketing and business development 13,916 11,344 27,708 19,342 Processing fees 43,073 43,638 85,132 84,488 Legal and consulting 14,415 18,468 23,502 47,074 Bankcard 11,873 12,363 23,714 25,158 Amortization of other intangible assets 23,460 25,268 46,920 42,750 Regulatory fees 9,097 9,259 17,367 17,496 Other 17,914 17,897 32,608 27,516 Total noninterest expense 399,633 393,168 780,516 777,955 Income before income taxes 350,397 275,041 681,673 368,091 Income tax expense 72,827 57,647 142,665 69,364 NET INCOME 277,570 217,394 539,008 298,727 Less: Preferred dividends 5,812 2,012 11,625 4,025 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 271,758 $ 215,382 $ 527,383 $ 294,702 PER SHARE DATA Net income per common share – basic $ 3.58 $ 2.84 $ 6.94 $ 4.18 Net income per common share – diluted 3.56 2.82 6.90 4.16 Dividends per common share 0.43 0.40 0.86 0.80 Weighted average common shares outstanding – basic 75,972,781 75,923,082 76,002,535 70,523,171 Weighted average common shares outstanding – diluted 76,392,233 76,241,798 76,422,437 70,901,635
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Consolidated Statements of Comprehensive Income UMB Financial Corporation (unaudited, dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net income $ 277,570 $ 217,394 $ 539,008 $ 298,727 Other comprehensive (loss) income, before tax: Unrealized gains and losses on debt securities: Change in unrealized holding gains and losses, net (38,499) 43,337 (123,971) 119,572 Less: Reclassification adjustment for net gains included in net income (26) (33) (429) (423) Amortization of net unrealized loss on securities transferred from available- for-sale to held-to-maturity 7,290 7,989 14,378 16,279 Change in unrealized gains and losses on debt securities (31,235) 51,293 (110,022) 135,428 Unrealized gains and losses on derivative hedges: Change in unrealized gains and losses on derivative hedges, net (22,693) 14,386 (38,746) 37,032 Less: Reclassification adjustment for net (gains) losses included in net income (426) 2,041 (1,223) 2,017 Change in unrealized gains and losses on derivative hedges (23,119) 16,427 (39,969) 39,049 Other comprehensive (loss) income, before tax (54,354) 67,720 (149,991) 174,477 Income tax benefit (expense) 14,187 (17,069) 39,994 (43,474) Other comprehensive (loss) income (40,167) 50,651 (109,997) 131,003 Comprehensive income $ 237,403 $ 268,045 $ 429,011 $ 429,730
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Consolidated Statements of Shareholders' Equity UMB Financial Corporation (unaudited, dollars in thousands except per share data) Preferre d Stock Common Stock Capital Surplus Retained Earnings Accumul ated Other Compreh ensive (Loss) Income Treasury Stock Total Balance - January 1, 2025 $ — $ 55,057 $ 1,145,6 38 $ 3,174,9 48 $ (573,05 0) $ (336,05 2) $ 3,466,5 41 Total comprehensive income — — — 298,72 7 131,00 3 — 429,73 0 Cash dividends declared: Preferred dividends Series A ($350.00 per share) — — — (4,025) — — (4,025) Common dividends ($0.80 per share) — — — (59,944) — — (59,944) Purchase of treasury stock — — — — — (15,724) (15,724) Issuances of equity awards, net of forfeitures — — (16,202) — — 17,002 800 Recognition of equity-based compensation — — 40,298 — — — 40,298 Sale of treasury stock — — 169 — — 143 312 Exercise of stock options — — 112 — — 246 358 Common stock issuance costs — — 67,056 — — 168,08 5 235,14 1 Preferred stock issuance 294,06 2 — — — — — 294,06 2 Stock issuance for acquisition, net of issuance costs 110,70 5 23,609 2,763,9 02 — — — 2,898,2 16 Balance - June 30, 2025 $ 404,76 7 $ 78,666 $ 4,000,9 73 $ 3,409,7 06 $ (442,04 7) $ (166,30 0) $ 7,285,7 65 Balance - January 1, 2026 $ 294,06 6 $ 78,666 $ 4,011,0 47 $ 3,736,4 13 $ (261,52 0) $ (165,10 4) $ 7,693,5 68 Total comprehensive income — — — 539,00 8 (109,99 7) — 429,01 1 Cash dividends declared: Preferred dividends Series B ($387.50 per share) — — — (11,625) — — (11,625) Common dividends ($0.86 per share) — — — (65,984) — — (65,984) Purchase of treasury stock — — — — — (37,901) (37,901) Issuances of equity awards, net of forfeitures — — (16,259) — — 17,983 1,724 Recognition of equity-based compensation — — 21,050 — — — 21,050 Sale of treasury stock — — 142 — — 150 292 Exercise of stock options — — 65 — — 593 658 Balance - June 30, 2026 $ 294,06 6 $ 78,666 $ 4,016,0 45 $ 4,197,8 12 $ (371,51 7) $ (184,27 9) $ 8,030,7 93
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Average Balances / Yields and Rates UMB Financial Corporation (tax - equivalent basis) (unaudited, dollars in thousands) Three Months Ended June 30, 2026 2025 Average Average Average Average Balance Yield/Rate Balance Yield/Rate Assets Loans, net of unearned interest $ 40,623,950 6.36% $ 36,406,753 6.75% Securities: Taxable 15,580,537 3.77 13,409,940 3.66 Tax-exempt 4,337,660 4.06 4,273,494 3.87 Total securities 19,918,197 3.84 17,683,434 3.71 Federal funds and resell agreements 1,033,826 4.37 684,747 5.12 Interest-bearing due from banks 3,712,165 3.67 6,660,111 4.45 Trading securities 26,734 6.12 16,693 6.54 Total earning assets 65,314,872 5.41 61,451,738 5.61 Allowance for credit losses (418,985) (367,919) Other assets 5,511,562 5,787,982 Total assets $ 70,407,449 $ 66,871,801 Liabilities and Shareholders' Equity Interest-bearing deposits $ 42,872,466 2.80% $ 41,246,157 3.34% Federal funds and repurchase agreements 3,512,241 3.31 2,767,216 3.97 Borrowed funds 478,555 9.19 655,575 7.92 Total interest-bearing liabilities 46,863,262 2.90 44,668,948 3.44 Noninterest-bearing demand deposits 14,712,647 14,403,211 Other liabilities 843,604 839,134 Shareholders' equity 7,987,936 6,960,508 Total liabilities and shareholders' equity $ 70,407,449 $ 66,871,801 Net interest spread 2.51% 2.17% Net interest margin 3.32 3.10
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Average Balances / Yields and Rates UMB Financial Corporation (tax - equivalent basis) (unaudited, dollars in thousands) Six Months Ended June 30, 2026 2025 Average Average Average Average Balance Yield/Rate Balance Yield/Rate Assets Loans, net of unearned interest $ 40,007,008 6.44% $ 34,369,543 6.69% Securities: Taxable 15,617,174 3.77 12,557,618 3.54 Tax-exempt 4,345,604 4.04 4,197,951 3.78 Total securities 19,962,778 3.83 16,755,569 3.60 Federal funds and resell agreements 1,285,452 4.29 620,632 5.10 Interest-bearing due from banks 3,951,163 3.67 6,733,977 4.46 Trading securities 22,070 6.30 18,767 7.10 Total earning assets 65,228,471 5.43 58,498,488 5.53 Allowance for credit losses (418,380) (344,276) Other assets 5,605,959 5,285,676 Total assets $ 70,416,050 $ 63,439,888 Liabilities and Shareholders' Equity Interest-bearing deposits $ 42,672,728 2.79% $ 39,063,362 3.34% Federal funds and repurchase agreements 3,567,518 3.32 2,730,267 3.93 Borrowed funds 477,045 9.13 613,236 7.92 Total interest-bearing liabilities 46,717,291 2.90 42,406,865 3.44 Noninterest-bearing demand deposits 14,906,914 13,918,401 Other liabilities 867,597 846,697 Shareholders' equity 7,924,248 6,267,925 Total liabilities and shareholders' equity $ 70,416,050 $ 63,439,888 Net interest spread 2.53% 2.09% Net interest margin 3.35 3.04
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Business Segment Information UMB Financial Corporation (unaudited, dollars in thousands) Three Months Ended June 30, 2026 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 362,575 $ 79,048 $ 90,902 $ 532,525 Provision for credit losses 24,733 627 2,640 28,000 Noninterest income 51,939 129,191 64,375 245,505 Noninterest expense 169,253 122,527 107,853 399,633 Income before taxes 220,528 85,085 44,784 350,397 Income tax expense 45,835 17,684 9,308 72,827 Net income $ 174,693 $ 67,401 $ 35,476 $ 277,570 Three Months Ended June 30, 2025 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 322,619 $ 66,331 $ 78,074 $ 467,024 Provision for credit losses 18,334 430 2,236 21,000 Noninterest income 43,219 107,998 70,968 222,185 Noninterest expense 170,648 105,137 117,383 393,168 Income before taxes 176,856 68,762 29,423 275,041 Income tax expense 37,068 14,412 6,167 57,647 Net income $ 139,788 $ 54,350 $ 23,256 $ 217,394 Six Months Ended June 30, 2026 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 727,917 $ 156,336 $ 182,638 $ 1,066,891 Provision for credit losses 48,510 1,125 5,365 55,000 Noninterest income 98,228 251,020 101,050 450,298 Noninterest expense 334,705 235,458 210,353 780,516 Income before taxes 442,930 170,773 67,970 681,673 Income tax expense 92,699 35,741 14,225 142,665 Net income $ 350,231 $ 135,032 $ 53,745 $ 539,008 Six Months Ended June 30, 2025 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 596,536 $ 127,489 $ 140,638 $ 864,663 Provision for credit losses 85,085 865 21,050 107,000 Noninterest income 80,438 211,792 96,153 388,383 Noninterest expense 343,660 212,402 221,893 777,955 Income (loss) before taxes 248,229 126,014 (6,152) 368,091 Income tax expense (benefit) 46,777 23,746 (1,159) 69,364 Net income (loss) $ 201,452 $ 102,268 $ (4,993) $ 298,727 The company has strategically aligned its operations into the following three reportable segments: Commercial Banking, Institutional Banking, and Personal Banking. Senior executive officers regularly evaluate business segment financial results produced by the company’s internal reporting system in deciding how to allocate resources and assess performance for individual business segments. The company’s reportable segments include certain corporate overhead, technology and service costs that are allocated based on methodologies that are applied consistently between periods. For comparability purposes, amounts in all periods are based on methodologies in effect at June 30, 2026.
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Non-GAAP Financial Measures Net operating income available to common shareholders Non-GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands except per share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net income available to common shareholders (GAAP) $ 271,758 $ 215,382 $ 527,383 $ 294,702 Adjustments: Day 1 acquisition provision expense — — — 62,037 Acquisition expense 1,674 13,494 6,028 66,663 Severance expense — 373 2,036 818 FDIC special assessment — (726) (885) (97) Tax-impact of adjustments (402) (3,144) (1,723) (29,866) Total Non-GAAP adjustments (net of tax) 1,272 9,997 5,456 99,555 Net operating income (Non-GAAP) $ 273,030 $ 225,379 $ 532,839 $ 394,257 Earnings per common share - diluted (GAAP) $ 3.56 $ 2.82 $ 6.90 $ 4.16 Day 1 acquisition provision expense — — — 0.87 Acquisition expense 0.02 0.19 0.08 0.94 Severance expense — — 0.03 0.01 FDIC special assessment — (0.01) (0.01) — Tax-impact of adjustments (0.01) (0.04) (0.02) (0.42) Operating earnings per common share - diluted (Non-GAAP) $ 3.57 $ 2.96 $ 6.98 $ 5.56 GAAP Return on average assets 1.55% 1.29% 1.51% 0.94% Return on average common equity 14.16 12.72 13.93 9.67 Non-GAAP Operating return on average assets 1.56% 1.35% 1.53% 1.25% Operating return on average common equity 14.22 13.31 14.08 12.94 (i) Calculated using the company’s marginal tax rate of 24.0%. Certain merger-related expenses are non-deductible. (i) (i)
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Operating noninterest expense and operating efficiency ratio Non- GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Noninterest expense $ 399,633 $ 393,168 $ 780,516 $ 777,955 Adjustments to arrive at operating noninterest expense (pre-tax): Acquisition expense 1,674 13,494 6,028 66,663 Severance expense — 373 2,036 818 FDIC special assessment — (726) (885) (97) Total Non-GAAP adjustments (pre-tax) 1,674 13,141 7,179 67,384 Operating noninterest expense (Non-GAAP) $ 397,959 $ 380,027 $ 773,337 $ 710,571 Noninterest expense $ 399,633 $ 393,168 $ 780,516 $ 777,955 Less: Amortization of other intangibles 23,460 25,268 46,920 42,750 Noninterest expense, net of amortization of other intangibles (Non- GAAP) (numerator A) $ 376,173 $ 367,900 $ 733,596 $ 735,205 Operating noninterest expense $ 397,959 $ 380,027 $ 773,337 $ 710,571 Less: Amortization of other intangibles 23,460 25,268 46,920 42,750 Operating expense, net of amortization of other intangibles (Non- GAAP) (numerator B) $ 374,499 $ 354,759 $ 726,417 $ 667,821 Net interest income $ 532,525 $ 467,024 $ 1,066,891 $ 864,663 Noninterest income 245,505 222,185 450,298 388,383 Less: Gains on sales of securities available for sale, net 26 33 429 423 Total Non-GAAP Revenue (denominator A) $ 778,004 $ 689,176 $ 1,516,760 $ 1,252,623 Efficiency ratio (numerator A/denominator A) 48.35% 53.38% 48.37% 58.69% Operating efficiency ratio (Non-GAAP) (numerator B/denominator A) 48.14 51.48 47.89 53.31
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Operating pre-tax, pre-provision income non-GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands except per share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net interest income (GAAP) $ 532,525 $ 467,024 $ 1,066,891 $ 864,663 Noninterest income (GAAP) 245,505 222,185 450,298 388,383 Noninterest expense (GAAP) 399,633 393,168 780,516 777,955 Adjustments to arrive at operating noninterest expense: Acquisition expense 1,674 13,494 6,028 66,663 Severance expense — 373 2,036 818 FDIC special assessment — (726) (885) (97) Total Non-GAAP adjustments 1,674 13,141 7,179 67,384 Operating noninterest expense (Non-GAAP) 397,959 380,027 773,337 710,571 Operating pre-tax, pre-provision income (Non-GAAP) $ 380,071 $ 309,182 $ 743,852 $ 542,475 Net interest income earnings per common share - diluted (GAAP) $ 6.97 $ 6.13 $ 13.96 $ 12.20 Noninterest income (GAAP) 3.21 2.91 5.89 5.47 Noninterest expense (GAAP) 5.23 5.16 10.21 10.97 Acquisition expense 0.02 0.19 0.08 0.94 Severance expense — — 0.03 0.01 FDIC special assessment — (0.01) (0.01) — Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP) $ 4.97 $ 4.06 $ 9.74 $ 7.65
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Operating pre-tax, pre-provision income - FTE Non-GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands except per share data) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net interest income (GAAP) $ 532,525 $ 467,024 $ 1,066,891 $ 864,663 Adjustments to arrive at net interest income - FTE: Tax equivalent interest 8,832 8,291 17,545 15,796 Net interest income - FTE (Non-GAAP) 541,357 475,315 1,084,436 880,459 Noninterest income (GAAP) 245,505 222,185 450,298 388,383 Noninterest expense (GAAP) 399,633 393,168 780,516 777,955 Adjustments to arrive at operating noninterest expense: Acquisition expense 1,674 13,494 6,028 66,663 Severance expense — 373 2,036 818 FDIC special assessment — (726) (885) (97) Total Non-GAAP adjustments 1,674 13,141 7,179 67,384 Operating noninterest expense (Non-GAAP) 397,959 380,027 773,337 710,571 Operating pre-tax, pre-provision income - FTE (Non-GAAP) $ 388,903 $ 317,473 $ 761,397 $ 558,271 Net interest income earnings per common share - diluted (GAAP) $ 6.97 $ 6.13 $ 13.96 $ 12.20 Tax equivalent interest 0.12 0.11 0.23 0.22 Net interest income - FTE (Non-GAAP) 7.09 6.24 14.19 12.42 Noninterest income (GAAP) 3.21 2.91 5.89 5.47 Noninterest expense (GAAP) 5.23 5.16 10.21 10.97 Acquisition expense 0.02 0.19 0.08 0.94 Severance expense — — 0.03 0.01 FDIC special assessment — (0.01) (0.01) — Operating pre-tax, pre-provision income - FTE earnings per common share - diluted (Non-GAAP) $ 5.09 $ 4.17 $ 9.97 $ 7.87 Tangible book value non-GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands except share and per share data) As of June 30, 2026 2025 Total common shareholders' equity (GAAP) $ 7,748,351 $ 6,885,023 Less: Intangible assets Goodwill 1,837,594 1,812,694 Other intangibles, net 439,949 531,918 Total intangibles, net 2,277,543 2,344,612 Total tangible common shareholders' equity (Non-GAAP) $ 5,470,808 $ 4,540,411 Total common shares outstanding 75,947,552 75,927,002 Ratio of total common shareholders' equity (book value) per share $ 102.02 $ 90.68 Ratio of total tangible common shareholders' equity (tangible book value) per share (Non- GAAP) 72.03 59.80